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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Penelope at 320 N Lincoln, Penelope, TX, 76676 offers $1,549/mo rent that, after a $930/mo payment, leaves $198/mo cash flow. Total monthly income is $1,549/mo, and annual cash flow is $2,374/yr on $62,985 cash. Return on cash invested measures 23.68% in year one, and rental yield stands at 9.78% at a $190,000 entry. Equity gained on principal adds $1,226/yr while 5% annual appreciation compounds into $52,494 by year five. Five-year ROI records 124.26% and total cumulative return in cash reaches $78,264. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,549/mo property income versus a $930/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76676, Penelope, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 300 (100%) |
| Owner Occupied HU | 215 (71.7%) |
| Renter Occupied HU | 50 (16.7%) |
| Vacant Housing Units | 35 (11.7%) |
| Median Home Value | $208,750 |
| Average Home Value | $283,628 |
Residential
121
Single Family
121
Multi-Family
0
Businesses
10
Date | Event | Price |
|---|---|---|
| 2025-04-04 | Listed for sale | $190,000 |
| 2014-10-23 | Listing removed | $92,000 |
| 2014-08-26 | Listed for sale | $92,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-04 | $860.81 | -22.42% | $112,850 | -15.08% |
| 2023-04-04 | $1109.61 | 0.46% | $132,890 | 9.75% |
| 2022-04-04 | $1104.50 | -1.02% | $121,088 | 10.00% |
Listed by: Kristen Radke • Real Broker, LLC
Mls Name: NTREIS
Mls ID: #20893972
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
